4 Team Parlay Calculator

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For Fixed Odds Parlay, where the Standard Money Line is '-110', a 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, a five team parlay might pay 20/1 and a six team parlay might pay 40/1 and so forth, with the payouts getting higher with more teams or totals selected.

  1. Let's say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
  2. Click here for an example parlay odds calculator. Basically, it is possible to say that there are two types of parlay bet. These are: Point-spread parlay: Odds are fixed. Moneyline parlay: There are no fixed odds. Point-spread parlay bets are simpler and the probability for each outcome is 50%.

A parlay is a single wager whose result is entirely dependent on the result of at least two initial wagers. Each of these underlying wagers must be winners for the parlay to win and the more teams you have on the bet slip, the higher the parlay payout you will receive. If one or more of the teams from your bet loses, then you lose the bet regardless of the results or cancellation of the other teams. The parlay often offers you a chance to win bigger payouts by risking more. So, if you want to rake in more rewards as you back your favourite teams, a parlay is the way to go.

For the most part, parlay odds can be confusing when you are trying to figure out the total odds or even calculating the overall parlay payout of all the teams in your bet slip. And that's where the parlay calculator comes in. It makes your work easier by simplifying the calculation of the odds so that you don't have to keep scratching your head in a bid to figure things out.

One good thing about the parlay calculator is that you can customize it to fit your specific bets depending on the calculations you are making. However, before you can use the parlay odds calculator effectively, here are some of the important terms you should first understand:

4 Team Parlay Calculator
  • Odds offered – the odds the parlay offers at a given time.
  • Number of games – this is the number of different underlying games indicated in the parlay.
  • Risk/Win amount – the desired stake or risk, and once you modify the drop-down menu on the calculator, it will calculate the potential win or odds.
  • Mathematical odds – these are the odds that imply the zero possible charge on the parlay,
  • Win Amount/True Parlay Risk – this is the win dollar amount based on the odds.
  • True parlay odds – the odds representing the initial wagers.
  • Premium paid over true parlay odds – the top-up amount paid as a percentage of parlay amount over the given underlying bets.
  • Premium paid over mathematical odds – is the total amount charged on a bet.

All the above terms should be at your fingertips if you are to use this calculator in the right way. Here's a quick look at how to use this betting odds calculator.

How to Use the Parlay Calculator

Using the parlay odds calculator is pretty simple. All you have to do is enter the odds of each of your bets, and the tool will figure out the total payouts. You need to type in the money line all of your bets then go ahead and enter the amount of money you would like to stake. Once you click the 'calculate' button on this betting odds calculator, it will be able to show you how much to expect if all the teams in your parlay win.

How simple is that? Start using the parlay payouts calculator to quickly and easily wager on multiple outcomes at a go!

Bet Amount
  • $100
  • $200
  • $500
  • $1000
Odds
If betting a favorite, enter the line with a minus (-) sign at the beginning
Payout
  • Big Game Special
  • Chiefs @ Bucs
  • NJ/PA/IN/TN/CO/WV/MI
  • Boosted from +333
  • Chiefs @ Bucs
  • PA/NJ/CO
  • 2 per week
  • Paid in Free Bet
  • Available in CO
  • Chiefs @ Bucs
  • Super Bowl
  • NJ/IL/IN/IA/CO
  • Boosted From +200
  • Super Bowl LV
  • NJ/PA/CO/IN/WV/TN
  • Boosted From +1100
  • Chiefs @ Bucs
  • IL/NJ/WV/IN/CO/TN/IA
4 Team Parlay Calculator
  • Super Bowl Special
  • Plus Signup Bonus
  • PA/IN/IL/CO/MI
  • Free $30
  • NCAA Football
  • NJ/IN/PA

What is a Parlay?

4 Team Parlay Calculator Game

A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.

With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)

4 Team Parlay Calculator Yahoo

Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.

For example, look at this hypothetical $10 MLB parlay:

Calculator
  • New York Yankees -210
  • Boston Red Sox -165
  • Over 8 -120 (Washington Nationals vs. Atlanta Braves)

Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.

Now look at this $10 parlay of NFL underdogs:

4 team parlay calculator california

4 Team Parlay Calculator 2020

  • Philadelphia Eagles +180
  • Indianapolis Colts +250
  • New York Giants +365
Point spread parlay calculator
  • Odds offered – the odds the parlay offers at a given time.
  • Number of games – this is the number of different underlying games indicated in the parlay.
  • Risk/Win amount – the desired stake or risk, and once you modify the drop-down menu on the calculator, it will calculate the potential win or odds.
  • Mathematical odds – these are the odds that imply the zero possible charge on the parlay,
  • Win Amount/True Parlay Risk – this is the win dollar amount based on the odds.
  • True parlay odds – the odds representing the initial wagers.
  • Premium paid over true parlay odds – the top-up amount paid as a percentage of parlay amount over the given underlying bets.
  • Premium paid over mathematical odds – is the total amount charged on a bet.

All the above terms should be at your fingertips if you are to use this calculator in the right way. Here's a quick look at how to use this betting odds calculator.

How to Use the Parlay Calculator

Using the parlay odds calculator is pretty simple. All you have to do is enter the odds of each of your bets, and the tool will figure out the total payouts. You need to type in the money line all of your bets then go ahead and enter the amount of money you would like to stake. Once you click the 'calculate' button on this betting odds calculator, it will be able to show you how much to expect if all the teams in your parlay win.

How simple is that? Start using the parlay payouts calculator to quickly and easily wager on multiple outcomes at a go!

Bet Amount
  • $100
  • $200
  • $500
  • $1000
Odds
If betting a favorite, enter the line with a minus (-) sign at the beginning
Payout
  • Big Game Special
  • Chiefs @ Bucs
  • NJ/PA/IN/TN/CO/WV/MI
  • Boosted from +333
  • Chiefs @ Bucs
  • PA/NJ/CO
  • 2 per week
  • Paid in Free Bet
  • Available in CO
  • Chiefs @ Bucs
  • Super Bowl
  • NJ/IL/IN/IA/CO
  • Boosted From +200
  • Super Bowl LV
  • NJ/PA/CO/IN/WV/TN
  • Boosted From +1100
  • Chiefs @ Bucs
  • IL/NJ/WV/IN/CO/TN/IA
  • Super Bowl Special
  • Plus Signup Bonus
  • PA/IN/IL/CO/MI
  • Free $30
  • NCAA Football
  • NJ/IN/PA

What is a Parlay?

4 Team Parlay Calculator Game

A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.

With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)

4 Team Parlay Calculator Yahoo

Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.

For example, look at this hypothetical $10 MLB parlay:

  • New York Yankees -210
  • Boston Red Sox -165
  • Over 8 -120 (Washington Nationals vs. Atlanta Braves)

Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.

Now look at this $10 parlay of NFL underdogs:

4 Team Parlay Calculator 2020

  • Philadelphia Eagles +180
  • Indianapolis Colts +250
  • New York Giants +365

Again, enter the parlay prices and the wager amount. This time the payout is $445.7 since the parlay consists of big underdogs.

9 Team Parlay Calculator

Keep in mind, most sportsbooks do not allow correlated parlays. So you would not be able to parlay the Eagles moneyline and the Eagles spread together, since the Eagles covering the spread increases the odds of the Eagles winning the moneyline. You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers.

3 Team Parlay Calculator

The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.





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